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Five Essential Rules for Record Keeping

Five Essential Rules for Record Keeping

by welsh-tax | Nov 27, 2024 | Accounting, Australian Taxation Office, Taxation

Important tips on record keeping that can help you stay organised and compliant with the Australian Taxation Office (ATO). Here are the five golden rules: Keep All Records: Make sure to keep every document related to your business transactions. This includes receipts,...
Protect Your Business: Tips to Spot a Scam

Protect Your Business: Tips to Spot a Scam

by welsh-tax | Oct 30, 2024 | Accounting, Australian Taxation Office, Estate, Estate Planning, FBT, Finance, Queensland Government, Refinancing, Scams, Superannuation, Taxation, Xero

In today’s digital age, scams are becoming increasingly sophisticated, targeting business owners through emails, text messages, and phone calls. At Welsh Tax, we want to help you stay vigilant and protect your business from falling victim to these scams. Here are some...
Recent Changes to Superannuation on Parental Leave Pay

Recent Changes to Superannuation on Parental Leave Pay

by welsh-tax | Oct 30, 2024 | Accounting, Australian Taxation Office, Superannuation, Taxation

Recent Legislative Changes to Superannuation on Parental Leave Pay Introduction In a significant move towards gender equality and financial security for parents, the Australian government has recently passed legislation to include superannuation payments on...
Are you selling a property?

Are you selling a property?

by welsh-tax | Oct 25, 2024 | Accounting, Australian Taxation Office, Finance, Taxation

What is a non-resident withholding credits clearance certificate? A Non-Resident Withholding Credits Clearance Certificate is a document issued by the Australian Taxation Office (ATO) that can be used by Australian residents selling their property to notify the buyer...
Top 3 Australian Taxation Office critical focus areas for 2024

Top 3 Australian Taxation Office critical focus areas for 2024

by welsh-tax | May 15, 2024 | Accounting, Australian Taxation Office, Estate Planning, Finance, Refinancing, Superannuation, Taxation, Xero

Navigating Tax Time 2024: ATO’s Priority Areas As we prepare for Tax Time 2024, it’s essential to be aware of the Australian Taxation Office’s (ATO) top priority areas. The ATO has identified three critical focus areas that will greatly influence the...
Tracking cash flow is important.

Tracking cash flow is important.

by welsh-tax | Feb 28, 2024 | Accounting, Australian Taxation Office, Finance, Taxation

It’s critical to regularly monitor your company’s cash flow and performance. Tracking your business’ performance can also benefit you by: Recognising when you are straying off course so you act early. Maintaining profitability and positive cash flow....
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